Gigabit Interface Converter Market Outlook (2023 to 2033)

The gigabit interface converter market size is estimated to develop a CAGR of 10.7% from 2023 to 2033. The market is projected to surpass USD 949.3 million in 2023 and is expected to be valued at USD 2,631.3 million by 2033.

The adoption of gigabit interface converters is increasing due to high-speed internet and growing data centers around the world. Additionally, several industries such as oil & gas, food & beverage, chemical, wastewater treatment, and others are accelerating the demand for gigabit interface converters.

Report Attribute Details
Gigabit Interface Converter Market Value (2023) USD 949.3 million
Gigabit Interface Converter Market Anticipated Value (2033) USD 2,631.3 million
Gigabit Interface Converter Projected Growth Rate (2033) 10.7%

The market is rapidly rising with increasing broadband services demand by end users during the forecast period. Moreover, the market is growing rapidly by securing a better CAGR than its historical CAGR of 7.8%. A Gigabit interface converter is widely used for optical networks deployed in ethernet systems and fiber optics. In addition, the gigabit interface converter minimizes downtime during replacements, enabling hot swap and plug-and-play functionality.

The adoption of gigabit interface converters is rising due to connecting with multiple switches through optical fiber networks in recent years. The young generation is making video content, playing online games, and influencing online products and services. These factors are monumentally driving the demand for gigabit interface converters. The rapidly growing cloud-based and application-based services are flourishing in the market at another height. Additionally, innovating 5G technology accelerates market growth during the forecast period.

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IT Sectors’ Increasing Investments to Propel Gigabit Interface Converter Market Growth

Most organizations prefer efficient backup operations, which has driven the demand for gigabit interface converters in recent years. In addition, many large and small enterprises opting for cost-effective solutions are expected to encourage the growth of the global gigabit interface converter market. Increasing spending in the IT sector in emerging economies is also expected to positively impact the global market share during the forecast period.

Gigabit interface converter minimizes downtime during replacements, enabling hot swap and plug-and-play functionality. The Gigabit interface converter is not obsolete but has been gradually replaced by a compact, smaller, and more lightweight version in recent years.

The high cost of the gigabit interface converter and the associated standardization issue are some of the major challenges vendors face. These challenges may further affect the market growth during the forecast period.

Regional Insights

Overview of North American Gigabit Interface Converter Market

Based on geography, the gigabit interface converter market is segmented into North America, Europe, Asia-Pacific, Latin America, and MEA. North America is likely to dominate the market by acquiring maximum revenue by securing the highest share of 32.1% during the forecast period. Due to rising technology, demand for bandwidth, and growing fiber optic cable by several end-use industries in recent years. The United States is the leading country lifting the market size due to its well-established infrastructure.

European Gigabit Interface Converter Market Landscape

Europe is likely to stand in the second position after North America by acquiring 24.3% of the share during the forecast period. Rising demand for the internet, increasing data centers, and growing investment in telecom industries are accelerating the region's gigabit interface converter market growth. The United Kingdom & Germany are the leading countries that lift the market size due to deploying 5G networks and increasing infrastructure.

Sudip Saha
Sudip Saha

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Category-wise Insights

Multi-mode GBIC Type Segment Dominates the Gigabit Interface Converter Market

Based on type, the gigabit interface converter market is further divided into categories such as multi-mode gigabit interface converter and single-mode gigabit interface converter. The multi-mode gigabit interface converter dominates the market due to the support of several physical channels with a single ethernet. Several end-use industries widely adopt it as it provides internal and external varieties.

The demand for multi-mode gigabit interface converters has been rising due to their compact size and reliable cost in recent years. On the other hand, the single-mode gigabit interface converter also provides a better range than the multi-mode gigabit interface converter. Furthermore, it is wireless and suitable to install in tight spaces, which has fueled the demand for single-mode gigabit converters by end-users in recent years.

Competitive Landscape

Key Players’ Strategies in Achieving Their Goals in the Gigabit Interface Converter Market

The number of key players consolidates the gigabit interface converter market presence all around the globe. These players are driving the sales of gigabit interface converters with their innovative marketing tactics. The key players are developing their services by tapping into new markets. Some common methodologies that gigabit interface converter vendors adopt are mergers, acquisitions, partnerships, and others.

Over the last decade, key manufacturers have rapidly boosted the innovation and development of gigabit interface converters. Moreover, they are carrying out various mergers and partnerships with IT companies to expand the market with new development in the coming years.

Attribute Details
PLANET Technology Corporation PLANET Technology Corporation is a Taiwanese networking equipment manufacturer. PLANET GBICs are well-known for their exceptional quality and low costs. The PLANET PG-8112-GE GBIC, for example, is a high-quality GBIC that supports speeds of up to 1 Gbps and is reasonably priced.
D-Link D-Link is a global networking equipment leader that also sells GBICs. D-Link GBICs are well-known for their simplicity of use and interoperability with a wide range of devices. The D-Link DGS-1008D GBIC, for example, is a simple GBIC that is compatible with a wide range of switches and routers.
Hewlett-Packard Development Company (HP) Hewlett-Packard Development Company (HP) is a multinational technological company that manufactures GBICs. HP GBICs are well-known for their high performance and dependability. The HP 552064-B21 GBIC, for example, is a high-performance GBIC that supports rates of up to 1 Gbps.

Recent Developments

  • Omnitron Systems, a leading provider of Ethernet, Power over Ethernet (PoE), and fiber network equipment, announced the newest generation of OmniConverter® 10G Multi-Gigabit / Multi-Rate Ethernet and PoE Media Converters in November 2022.
  • In January 2021, L-com, an Infinite Electronics brand and the industry leader in the production of wired and wireless connectivity products, announced the release of a new line of triple-speed, Gigabit Ethernet switches and media converters for use in demanding industrial and commercial networking applications where PoE connected devices are required. The two models in L-com's new line of Gigabit Ethernet switches have plug-and-play, unmanaged operation, and RJ45 ports that can support PoE.

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Key Players in the Gigabit Interface Converter Market

  • Cisco Systems, Inc.
  • Marvell
  • PLANET Technology Corporation
  • CELLO
  • D-Link (Europe) Ltd.
  • Oracle
  • Hewlett-Packard Development Company
  • L.P.
  • Allied Telesis, Inc.
  • NETGEAR
  • Moog Inc.

Report Scope

Report Attribute Details
Growth Rate 2023 to 2033 CAGR of 10.7%
Base Year for Estimation 2022
Historical Data 2018 to 2022
Forecast Period 2023 to 2033
Quantitative Units Revenue in USD million and CAGR from 2023 to 2033
Report Coverage Revenue Forecast, Volume Forecast, Company, Ranking, Competitive Landscape, Growth Factors, Trends, Pricing Analysis
Segments Covered Application, Type, Region
Regions Covered North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa
Key Countries Profiled United States, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa
Key Companies Profiled Cisco Systems, Inc.; Marvell; PLANET Technology Corporation; CELLO; D-Link (Europe) Ltd.; Oracle; Hewlett-Packard Development Company; L.P.; Allied Telesis, Inc.; NETGEAR; Moog Inc.
Customization Available Upon Request

Key Segments

By Application:

  • Oil & gas
  • Chemical
  • Healthcare
  • Food and beverages
  • Water and wastewater
  • Others

By Type:

  • Single-mode GBIC
  • Multi-mode GBIC

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • Middle East & Africa

Frequently Asked Questions

What is the expected CAGR from 2023 to 2033?

The market is expected to record a 10.7% CAGR until 2033.

How will growth unfold in North America?

North America is likely to account for 32.1% of the market share.

What is the growth rate of India?

India will expand at a 15.7% CAGR by 2033.

What is the projected CAGR for Japan?

Japan will exhibit 3.4% CAGR by 2033.

What is the economic growth of Australia?

Australia is expected to expand at a 2.7% CAGR by 2033.

Table of Content
  • 1. Executive Summary
  • 2. Market Overview
  • 3. Market Background
  • 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
  • 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
    • 5.1. Oil & Gas
    • 5.2. Chemical
    • 5.3. Healthcare
    • 5.4. Food and Beverages
    • 5.5. Water and Wastewater
    • 5.6. Others
  • 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
    • 6.1. Single-mode GBIC
    • 6.2. Multi-mode GBIC
  • 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
    • 7.1. North America
    • 7.2. Latin America
    • 7.3. Western Europe
    • 7.4. Eastern Europe
    • 7.5. South Asia and Pacific
    • 7.6. East Asia
    • 7.7. Middle East and Africa
  • 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
  • 15. Key Countries Market Analysis
  • 16. Market Structure Analysis
  • 17. Competition Analysis
    • 17.1. Cisco Systems, Inc.
    • 17.2. Marvell
    • 17.3. PLANET Technology Corporation
    • 17.4. CELLO
    • 17.5. D-Link (Europe) Ltd.
    • 17.6. Oracle
    • 17.7. Hewlett-Packard Development Company
    • 17.8. L.P.
    • 17.9. Allied Telesis, Inc.
    • 17.10. NETGEAR
    • 17.11. Moog Inc.
  • 18. Assumptions & Acronyms Used
  • 19. Research Methodology
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